Luxury fashion retailer LK Bennett is looking for a potential buyer and investor six years after being rescued from administration.
The retailer is working with advisers Alvarez & Marsal on an accelerated sale process to find buyers and investors.
The brand was founded by Linda Bennett in 1990 and operated over 200 stores internationally at its peak. It now trades from nine standalone stores in the UK, with another 13 concessions listed on its website.
Bennett sold her majority stake in 2008, and the company fell into administration in 2019, after rents, business rates and new competition affected the business.
It was then sold to its Chinese franchise partner, Byland UK, with Rebecca Feng leading the business.
She said at the time of the deal: “Under our plan, the business will continue to operate out of the UK, looking to maintain the long-standing and undoubted heritage of the brand.
“This will be achieved through a combination of working with quality British design and the business’s existing supply chain.”
In its recent accounts for the year ended January 27, 2025, LK Bennett recorded a pretax loss of £3.2m as it contended with the cost-of-living crisis and high inflation.
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